Pfizer readies specific drug price hikes for 2019

Pharmaceutical giant Pfizer will raise the list prices of 41 medications early next year, the Wall Street Journal reports. The company said in a statement that those higher prices are "expected to be offset by higher rebates and discounts."

Why it matters: Pfizer is following through on comments from last month, when CEO Ian Read said the company would resume its "normal" practice of raising drug prices — indicating that the company's temporary pause in price increases, following criticism from President Trump, was mostly political posturing.

Protesters gather north of Lafayette Square near the White House during a demonstration against racism and police brutality, in Washington, D.C. on Saturday evening. Photo: Jose Luis Magana/AFP via Getty Images

Tens of thousands of demonstrators have been rallying in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds assembled in Washington, D.C., Philadelphia and Chicago for full-day events on Saturday.